Aero MBA launched

Over the past few years, the global commercial aerospace sector has witnessed significant growth thanks to the replacement of archaic aircraft with modern fuel-efficient ones and a rise in passenger travel demand in the Middle East and the Asia Pacific. This development has created the need for trained managers. In view of this, Canada's HEC Montréal recently launched an MBA in aerospace management to train managers seeking national and international jobs in the field.
According to Jacques Roy, professor, department of logistics and operations management, HEC Montreal and academic director, AeroWorld MBA, an MBA in aerospace management is significant today. "According to Boeing, countries such as China and India will account for half of the projected sales of new commercial planes in the next 20 years. Building new planes implies long delays, uncertainty, large capital investments and long-term recovery. In this context, the aerospace industry not only needs highly competent engineers and scientists but also welltrained, strong managers and leaders with a strategic vision." He adds, "Managers often start with scientific and technical backgrounds before moving into team or project management positions. But they are required to develop specific competencies. An MBA will give them the skills they need to be more comfort able in these roles and speed them up along their career paths."